Day: 16 September 2024

The fundraising for Hack VC's third investment fund has been very successful and exceeded expectations. The fund is now considered "oversubscribed," as it has raised over $77 million, even though it's slightly below its target of $80 million. This information, reported by Fortune, comes from SEC filings and internal documents. ...

Tokenize Xchange (Tokenize), a leading digital asset exchange in Southeast Asia, has announced a strategic investment from Animoca Brands in its blockchain project, Titan Chain. This investment is seen as a major boost to Tokenize’s ecosystem, with plans to enhance its blockchain infrastructure and expand its presence in high-growth markets.  ...

Indian authorities are investigating a crypto trading app called "Datameer," accused of defrauding over 700 individuals of INR 10 million (approximately $119,000), according to a local report. Sadar’s superintendent of Police and Cyber Wing head, Pankaj Kumar Rasgania, reportedly stated that the app launched in April 2024 and operated for ...

Hedera, a decentralised network known for its hashgraph consensus algorithm, has become a founding Premier Member of the newly launched LF Decentralised Trust, an initiative under the Linux Foundation. In a significant move, Hedera has contributed its entire source code, including its consensus algorithm and all core services, to the ...

Bybit has obtained a provisional licence in Dubai two years after establishing its headquarters there. The crypto exchange, which is the second-largest by derivatives volume, noted in a recent press release that it has received a non-operational licence from the Virtual Asset Regulatory Authority (VARA).  The provisional license allows Bybit ...

Stablecoin issuer Circle has partnered with Sony Block Solutions Labs to introduce USDC to Soneium, the Japanese tech giant’s recently launched public Ethereum Layer 2 blockchain.  The partnership, revealed on September 16, will see Soneium integrate Circle's Bridged USDC Standard, establishing bridged USDC as a primary token for value exchange ...

DeltaPrime, an Avalanche-based DeFi borrowing protocol, is reportedly facing a security breach that may have resulted in the loss of $5.93 million worth of cryptocurrencies from its wallets. The incident, which came to light in the early hours of September 16, is believed to stem from an admin private key ...